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Daimler agrees to unload remaining Chrysler stake
Mon, 27 Apr 2009Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.
BMW and Local Motors announce contest winners
Wed, 07 Nov 2012BMW and Local Motors have announced the winning ideas in the Urban Driving Experience Challenge after phase one of the contest closed on 16 October. Anthony Franze of Australia won first prize and a cash award of $7,500 with his design for a premium car sharing service called ‘BMW Reward Me.' He also earned himself a trip to Munich, Germany, to meet with the head of BMW's Group Research and Technology, Dr. Christoph Grote.
Nissan Skyline buying guide
Wed, 24 Oct 2007By Ben Barry First Official Pictures 24 October 2007 05:50 A Skyline buying guide? Since when were you an authority? We’re not, which is why we’ve roped in Andy Barnes from Skyline experts Sumo Power to give us the lowdown on the last generation GT-R: the R34.